NEW YORK, May 18 (Reuters) - General Motors Corp.'s finance arm General Motors Acceptance Corp. on Tuesday raised its planned global note sale to $1.5 billion from $1 billion, joint lead manager Banc of America Securities said on Tuesday. GMAC is expected to sell the notes at a yield of 1.90 percentage points more than Treasuries. Citigroup Global Markets and J.P. Morgan are also managing the sale, expected to be priced later on Tuesday. GMAC is rated "BBB" by Standard & Poor's, its ...
Premium Content (PAID Subscription Required)
"GMAC boosts size of note sale to $1.5 billion" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.